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Jefferies Financial Group vs Stifel Financial: JEF and SF compared
Jefferies Financial Group is the larger company: $3.2B of revenue in its latest quarter (Q3 FY26) against $1.6B for Stifel Financial (Q3 2026). Jefferies Financial Group is growing faster (+11% against 0% a year earlier). Stifel Financial is more profitable, with an operating margin of 18.9% against 10.9%.
Where the money goes: JEF and SF
Jefferies Financial Group (JEF) · Q3 FY26
Jefferies Financial Group, Q3 FY26: revenue $3.2B (+11% year over year), operating margin 10.9%, net earnings $288M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
Stifel Financial (SF) · Q3 2026
Stifel Financial, Q3 2026: revenue $1.6B (0% year over year), operating margin 18.9%, net earnings $234M, operating cash flow $801M. The chart follows the revenue to costs, profit and cash.
| Jefferies Financial Group (JEF) | Stifel Financial (SF) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $3.2B | $1.6B |
| Revenue growth, Y/Y | +11% | 0% |
| Operating margin | 10.9% | 18.9% |
| Net earnings | $288M | $234M |
| Net margin | 8.9% | 14.3% |
| Operating cash flow | $2.6B | $801M |
| Free cash flow | $2.5B | $753M |
| Market value | $10.6B | $11.4B |
| P/E | 11.6× | 10.0× |
| Analysts’ mean target | $55.17 | $80.88 |
Where the revenue comes from
Jefferies Financial Group
- Investment banking: $1.3B (40%)
- Interest: $923M (29%)
- Investment banking - Underwriting: $483M (15%)
- Principal transactions: $467M (14%)
Stifel Financial
- Other revenues: $636M (39%)
- Asset Management1: $492M (30%)
- Investment Banking: $306M (19%)
- Commissions: $201M (12%)
Questions
Which is bigger, Jefferies Financial Group or Stifel Financial?
Jefferies Financial Group is the larger company: $3.2B of revenue in its latest quarter (Q3 FY26) against $1.6B for Stifel Financial (Q3 2026).
Is Jefferies Financial Group or Stifel Financial growing faster?
Jefferies Financial Group is growing faster (+11% against 0% a year earlier).
Which is more profitable, Jefferies Financial Group or Stifel Financial?
Stifel Financial is more profitable, with an operating margin of 18.9% against 10.9%.
More: Jefferies Financial Group earnings · how Jefferies Financial Group makes money · Stifel Financial earnings · how Stifel Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 9, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.